Salzhauer Michael Sells 15,000 Shares of CB Financial Services, Inc. (NASDAQ:CBFV)

Salzhauer Michael decreased its position in CB Financial Services, Inc. (NASDAQ:CBFV) by 43.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,203 shares of the bank’s stock after selling 15,000 shares during the period. Salzhauer Michael owned 0.38% of CB Financial Services worth $546,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CBFV. Dimensional Fund Advisors LP grew its holdings in shares of CB Financial Services by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,822 shares of the bank’s stock valued at $509,000 after acquiring an additional 967 shares in the last quarter. M3F Inc. purchased a new position in CB Financial Services in the fourth quarter worth $916,000. 683 Capital Management LLC bought a new position in CB Financial Services in the 4th quarter valued at $344,000. Ameriprise Financial Inc. purchased a new stake in shares of CB Financial Services during the 4th quarter valued at $323,000. Finally, Bank of America Corp DE raised its stake in shares of CB Financial Services by 1,093.4% during the 4th quarter. Bank of America Corp DE now owns 3,807 shares of the bank’s stock worth $109,000 after purchasing an additional 3,488 shares during the period. Institutional investors own 33.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of CB Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 30th.

CB Financial Services Trading Down 0.2%

NASDAQ:CBFV opened at $27.58 on Thursday. CB Financial Services, Inc. has a 12 month low of $20.99 and a 12 month high of $33.72. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $28.82 and its 200 day moving average is $28.80. The stock has a market capitalization of $138.45 million, a PE ratio of 14.36 and a beta of 0.29.

CB Financial Services (NASDAQ:CBFV) last released its earnings results on Wednesday, April 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. CB Financial Services had a return on equity of 7.00% and a net margin of 12.83%. The business had revenue of $12.10 million during the quarter, compared to the consensus estimate of $12.69 million. Sell-side analysts expect that CB Financial Services, Inc. will post 1.82 earnings per share for the current year.

CB Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Friday, May 16th. CB Financial Services’s dividend payout ratio (DPR) is currently 52.08%.

Insider Activity at CB Financial Services

In other CB Financial Services news, Director John Swiatek bought 1,200 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was purchased at an average price of $28.80 per share, for a total transaction of $34,560.00. Following the completion of the transaction, the director now directly owns 7,534 shares of the company’s stock, valued at $216,979.20. This trade represents a 18.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 9.70% of the stock is currently owned by company insiders.

About CB Financial Services

CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.